Since 1.2590 is yet to be breatched my R1 is there for R2 1.2680, R3 1.2747.
- #49,761
- Aug 23, 2012 1:00pm Aug 23, 2012 1:00pm
- | Joined May 2012 | Status: Ball reader | 1,034 Posts
- #49,762
- Aug 23, 2012 1:05pm Aug 23, 2012 1:05pm
Guys, in your technical views could 1.2590 hold or the breakout of 1.2552 means we're shooting up to 1.2624 or even more?
i think market may try to consolidate below 1.2620 and below the top blue trendline before trying for higher..
regardless.. we haven't seen a reversal pattern from the bull channel yet.
you may wanna offload some of your short position when the bull retraces before it attempts for higher
- #49,763
- Aug 23, 2012 1:12pm Aug 23, 2012 1:12pm
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
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i think market may try to consolidate below 1.2620 and below the top blue trendline before trying for higher..
regardless.. we haven't seen a reversal from the bull channel yet.
you may wanna offload some of your short position when the bull retraces before the next attempt for higher
- #49,765
- Aug 23, 2012 1:24pm Aug 23, 2012 1:24pm
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #49,767
- Aug 23, 2012 1:56pm Aug 23, 2012 1:56pm
- | Joined May 2012 | Status: Ball reader | 1,034 Posts
Attachment
i think market may try to consolidate below 1.2620 and below the top blue trendline before trying for higher..
regardless.. we haven't seen a reversal pattern from the bull channel yet.
you may wanna offload some of your short position when the bull retraces before it attempts for higher
- #49,768
- Aug 23, 2012 2:02pm Aug 23, 2012 2:02pm
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
Attachment
i think market may try to consolidate below 1.2620 and below the top blue trendline before trying for higher..
regardless.. we haven't seen a reversal pattern from the bull channel yet.
you may wanna offload some of your short position when the bull retraces before it attempts for higher
- #49,769
- Aug 23, 2012 2:07pm Aug 23, 2012 2:07pm
- | Joined May 2012 | Status: Ball reader | 1,034 Posts
- #49,770
- Aug 23, 2012 2:35pm Aug 23, 2012 2:35pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #49,771
- Aug 23, 2012 2:37pm Aug 23, 2012 2:37pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I think you're trying to stick a square peg in a round hole.Those are not harmonic patterns.
Try this indicator (if you have MetaTrader 4)
Those who say it cannot be done should not interrupt those who are doing it
- #49,772
- Aug 23, 2012 2:39pm Aug 23, 2012 2:39pm
- | Joined May 2012 | Status: Ball reader | 1,034 Posts
Those are not harmonic patterns.
Try this indicator (if you have MetaTrader 4)
- #49,773
- Aug 23, 2012 2:40pm Aug 23, 2012 2:40pm
- | Commercial User | Joined May 2012 | 3,285 Posts
Yesterday I took some profit off the table as well as added a few more positions.
Banked 376 pips yesterday and I have 1,127 pips floating profit right now
It's been an excellent week!
- #49,774
- Aug 23, 2012 2:45pm Aug 23, 2012 2:45pm
- | Joined May 2012 | Status: Ball reader | 1,034 Posts
thanks for the indy PT, been trying to understand patterns for the last few days..
hope google will help
- #49,775
- Aug 23, 2012 2:45pm Aug 23, 2012 2:45pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
thanks for the indy PT, been trying to understand patterns for the last few days..
now I'm stuck on how to use it
hope google will help
http://www.babypips.com/school/image...-butterfly.png
Created by Bryce Gilmore, the perfect Butterfly pattern is defined by the .786 retracement of move AB with respect to move XA. The Butterfly contains these specific characteristics:
Move AB should be the .786 retracement of move XA.
Move BC can be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consquently, if move BC is .886 of move AB, then CD should extend 2.618 of move BC.
CD should be 1.27 or 1.618 extension of move XA.
Read more: http://www.babypips.com/school/the-g...#ixzz24Osmyfwj
Those who say it cannot be done should not interrupt those who are doing it
- #49,776
- Aug 23, 2012 2:51pm Aug 23, 2012 2:51pm
We have a bearish butterfly on H1
http://www.babypips.com/school/image...-butterfly.png
Created by Bryce Gilmore, the perfect Butterfly pattern is defined by the .786 retracement of move AB with respect to move XA. The Butterfly contains these specific characteristics:
Move AB should be the .786 retracement of move XA.
Move BC can be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consquently, if move BC is .886 of move...
I'm in at 1.2580 SL at BE now not gonna get caught out i've enough floating losses as it is!
- #49,777
- Aug 23, 2012 2:52pm Aug 23, 2012 2:52pm
- | Joined May 2012 | Status: Ball reader | 1,034 Posts
We have a bearish butterfly on H1
http://www.babypips.com/school/image...-butterfly.png
Created by Bryce Gilmore, the perfect Butterfly pattern is defined by the .786 retracement of move AB with respect to move XA. The Butterfly contains these specific characteristics:
Move AB should be the .786 retracement of move XA.
Move BC can be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD should be 1.618 extension of move BC. Consquently, if move BC is .886 of move AB,...
- #49,778
- Aug 23, 2012 2:54pm Aug 23, 2012 2:54pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
I'm still short AUD/JPY and AUD/USD. Also long EUR/AUD, EUR/CAD, and GBP/AUD
Yesterday I took some profit off the table as well as added a few more positions.
Banked 376 pips yesterday and I have 1,127 pips floating profit right now
It's been an excellent week!
This is all I have to say............Inserted Video
- #49,779
- Aug 23, 2012 2:55pm Aug 23, 2012 2:55pm
- | Commercial User | Joined May 2012 | 3,285 Posts
Oh man that gave me a good laugh!
- #49,780
- Aug 23, 2012 2:55pm Aug 23, 2012 2:55pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Since we didnt hit 1.2590 did your sell order get hit or did you sell anyway or are you gonna wait and see how she plays out? Just curious
I'm gonna wait and see how it plays out. The rest of this month and September are gonna be super volatile, so easy does it.
Those who say it cannot be done should not interrupt those who are doing it